Scotiabank raised the firm’s price target on Gildan Activewear (GIL) to $59 from $55 and keeps an Outperform rating on the shares. The firm believes uncertainty is excessively weighing on the shares, the analyst tells investors. Scotiabank believes the worse-case scenario of a 35% tariff should not cause meaningful disruption and the company would likely maintain its market share.
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Read More on GIL:
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